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What Is a Moneyline Bet

Understand what a moneyline bet is, how favorites and underdogs work, and why moneyline betting is popular among beginners.

By the Lunaris Editorial TeamPublished Jul 22, 2026

Introduction

A moneyline bet is the simplest form of sports wagering. Instead of betting on point spreads or totals, the bettor simply chooses which team will win the game.

Moneyline bets use American odds, which appear as positive or negative numbers.

Favorite

The favorite is the team expected to win and is shown with a negative number.

Example:

Team A -150

A bettor would need to wager $150 to win $100 in profit.

Underdog

The underdog is the team expected to lose and is displayed with positive odds.

Example:

Team B +200

A $100 wager would return $200 in profit if the underdog wins.

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